A standard boat insurance policy covers the most common perils associated with physical damage to a boat:
Standard boat insurance also covers damage to a variety of boat-related property. Such property includes the boat and motor, of course, but it also includes the trailer used to haul the craft to water. Any gear permanently affixed to the boat is also usually covered, as are anchors, oars, trolling motors, extra fuel tanks, tools, removable canopies, seat cushions, life jackets and preservers, skis and tow ropes, dinghies, and more.
Many boat insurance policies also reimburse the costs of labor repairing and/or replacing your boat and related gear. Most policies provide basic liability coverage, too. Liability isn’t required by Texas law; however, you risk losing everything without liability protection.
Comparable to other policy types, boat insurance costs depend on the stated values in the policy contract and upon chosen deductibles. In the event of severe damage or of a total loss, these limits can be tremendously important, so it’s important to choose with care.
Does Texas Law Require Boat Insurance?
The short answer is “no.” However, state law isn’t the only consideration here. For instance, if you buy your boat with a loan, your lender will likely want you to carry boat insurance. If you store your vessel at a marina or boatyard, the facility might oblige you to maintain a degree of boat insurance.
Boat Insurance is the Right Thing to Do
If you’re a truly accountable boat owner, maintaining adequate boat insurance just makes sense. Shielding your passengers and your water-faring neighbors with appropriate boat insurance is, quite simply, the principled way to go. Additionally, a boat can be a substantial investment. Even if you bought your vessel in cash, could you afford to simply waste that money and buy a new boat if disaster struck? Could you afford a sizable cash judgment against you if you were found legally liable for an accident?
Discounted Boat Insurance with Multiple Policies
If you purchase boat insurance through a Short provider, you may qualify for discounted rates if you hold existing Short policies. Whether you’re already a Short customer or not, ask us about multi-policy discounts for bundling boat insurance with other coverages.
For a Free Boat Insurance Quote, Call Short Insurance Agency
A comprehensive boat insurance policy from Short will help shield your assets against unexpected trouble on the waters. If you’re shopping for boat insurance in Lubbock, TX, we’d be thrilled to hear from you! As an independent insurance agent in Lubbock Texas, we partner with numerous insurance providers, enabling us to do the shopping around for you!
We’re committed to empowering you to make informed decisions about boat insurance, and we’re here to answer all your questions. For a free boat insurance quote, just click over to the Short Insurance Agency Quote Page or call our agency today at 806-763-4409!